8/7 Part 1: Weekly Market Report, Earnings, S&P 500

For Paid Readers

Greetings traders and investors,

We are about making money, we do not want to waste your time or our time by typing nonsense or filling it up with words to make it look like you are getting more value.

Quality is value.

Quantity is not value.

There are many newsletters out there that have a large audience by talking about stuff that is already priced into the market.

We do not want to waste our time with data that is priced into the markets.

We want to put together a solid thesis with high conviction where we can put our money to work and place a bet!

We get paid by performance. Trading and investing is a performance business.

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A Dive Into The Market Indices

Let’s keep things stupid simple.

Last week we talked about this KEY level on the SPY 0.00%↑ .

Remember, we want to see the SPY confirm the move on the QQQ 0.00%↑ and confirmation of the move will be with the SPY 0.00%↑ moving over $417 or $4170 on the $SPX.

Now lets talk about where we have to be careful as a bull…

Below $407 on the SPY 0.00%↑ or $4084 on $SPX is a area where we have to be careful.

NOTES:

So now we have our key price levels on the S&P 500 for the week.

• Above $417 is bullish

• Above $4170 on SPX bullish

• Below $407 is of concern for bulls

• Below $4084 on $SPX is of concern for bulls

I want to get your guys/gals prepared in more depth.

Lets talk about some scenarios.